Globale Tessile Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 23, 2025
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Globale Tessile Limited has informed the exchanges that its 8th Annual General Meeting will be held on Saturday, August 23, 2025 at 11:30 a.m. (IST) via video conferencing. Key business items include adoption of audited financial statements for FY ending March 31, 2025, and re-appointment of Shri Rahul J. Parekh as Director (retiring by rotation). Shareholders will also vote on appointing M/s. Jain Chowdhary & Co. as new Statutory Auditors for a 5-year term (2025–2030), replacing M/s. Bhanwar Jain & Co. who resigned in May 2025 citing delays in obtaining a mandatory peer review certificate. Additionally, the meeting will consider re-appointing M/s. Malay Desai & Associates as Secretarial Auditor for FY 2025-26 to 2029-30, and a special resolution to continue Mr. Jeetmal B. Parekh as Managing Director beyond the age of 75. Remote e-voting opens August 20 and closes August 22, 2025, with a cut-off date of August 16, 2025.
This is a routine AGM notice with standard governance items. The change in statutory auditors is procedural and driven by regulatory compliance (peer review certification), not any audit concerns. Investors with views on the director continuation beyond age 75 or auditor appointments should participate in e-voting before the August 22 deadline.